Ep 6. Trial Balance: The Balancing Act

Ep 6. Trial Balance: The Balancing Act

In this episode of Debit, Credit, Done!, Dean explains the role of the trial balance in double-entry bookkeeping. Learn how to list ledger account balances, check that debits equal credits, and prepare your books for the next stage—producing the Statement of Profit or Loss and the Statement of Financial Position. Includes practical examples, common errors to avoid, and a practice task to help solidify your understanding.

📚 Designed for AAT Level 2 and Level 3 learners
🧾 Key skills: preparing a trial balance, spotting posting errors, understanding internal checks
📓 Next episode: Statement of Profit or Loss – did the business make a profit?

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Episoder(20)

Nominated for a PQ Award!!!

Nominated for a PQ Award!!!

Most education professionals underestimate the power of recognition — until they realize how a simple nomination can open doors and boost careers. When Dean Quartermaine was shortlisted for the presti...

7 Apr 4min

Community First: Shaping Content with Your Feedback

Community First: Shaping Content with Your Feedback

In this episode of "Debit Credit Done," Dean Quartermaine reflects on the journey of content creation over the past months and shares exciting plans for 2026. Join Dean as he discusses the importance ...

4 Jan 5min

AAT Connect: Inspiring Journeys and AAT Impact Awards

AAT Connect: Inspiring Journeys and AAT Impact Awards

Join Dean Quartermaine in this special episode of Debit Credit Done as he shares insights from the AAT Connect and Impact Awards 2025 in London. Discover the inspiring stories of industry leaders, the...

10 Nov 202522min

Series 2, Episode 9: Suspense Accounts & Error Correction

Series 2, Episode 9: Suspense Accounts & Error Correction

In this episode of Debit, Credit, Done! we dive deep into the theory of suspense accounts and error correction for AAT Level 3 Financial Accounting: Preparing Financial Statements.We cover:Why suspens...

30 Sep 202511min

Series 2, Episode 8 – Control Accounts: Receivables & Payables

Series 2, Episode 8 – Control Accounts: Receivables & Payables

In this episode of Debit, Credit, Done! we break down Control Accounts, focusing on the Receivables Ledger Control Account (RLCA) and the Payables Ledger Control Account (PLCA).We’ll cover:What contro...

4 Sep 202520min

Series 2, Episode 7 – Combining Depreciation & Disposal Adjustments

Series 2, Episode 7 – Combining Depreciation & Disposal Adjustments

Thanks for bearing with me — after a short delay, we’re back! In this episode of Debit, Credit, Done! we’re combining two key AAT Level 3 topics: depreciation and disposals.We’ll cover:A clear, 5-step...

31 Aug 202519min

Series 2, Episode 6 - Inventory Valuation – FIFO, AVCO & IAS 2

Series 2, Episode 6 - Inventory Valuation – FIFO, AVCO & IAS 2

In this episode of Debit, Credit, Done! we’re tackling inventory valuation — a key area of the AAT Level 3 Financial Accounting: Preparing Financial Statements module.We’ll cover:Why accurate inventor...

21 Aug 202522min

Series 2, Episode 5 - Adjustments: Accruals, Prepayments & Irrecoverable Debts

Series 2, Episode 5 - Adjustments: Accruals, Prepayments & Irrecoverable Debts

In this episode of Debit, Credit, Done!, Dean Quartermaine explains how to adjust accounts so they reflect the correct period — covering accruals, prepayments, irrecoverable debts, and the provision f...

18 Aug 202523min

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